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Dec 14, 2012
12/12
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this senseless act in connecticut is just so -- so daunting. it's hard to even -- it's hard to take. >> an impact on the market as well. as i said earlier, a subdued market, as we all are. the dow holding with a decline of about 38 points. >> we'll bring you the latest on the fatality in connecticut. facebook stock up nearly 40% in the last three months. when will it move past the original $38 ipo price? we'll take a lock and still shy of that by better than $10 a share. stay with us on that. >> 17 days left until the fiscal cliff. are lawmakers any closer to a compromise of some kind? a top republican leader joins us next to explain whether she's willing to raise taxes if democrats give in on the spending cuts. >> also ahead, will oil prices fall off a cliff is the economy is impacted by the state of affairs in washington? tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums
this senseless act in connecticut is just so -- so daunting. it's hard to even -- it's hard to take. >> an impact on the market as well. as i said earlier, a subdued market, as we all are. the dow holding with a decline of about 38 points. >> we'll bring you the latest on the fatality in connecticut. facebook stock up nearly 40% in the last three months. when will it move past the original $38 ipo price? we'll take a lock and still shy of that by better than $10 a share. stay with...
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Dec 17, 2012
12/12
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we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversing its move lower this morning, sold more than 2 million iphone 5s in china. the best debut for any iphone in the china market. apple shares are higher as we
we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and...
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Dec 17, 2012
12/12
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first off, it's been a somber trading day today. 9:15 moment of silence remembering what happened in connecticut. so i don't know. it seems to be maybe there is a muted sense there's going to be a spirit of compromise up there in washington now. we've seen some rotational action. cyclicals are down, banks are up. they seem to anticipate that this is going to be resolved. and then the implications are if we don't have a santa claus rally as we talked about, then we'll see something in january. because this last quarter has been sort of a wait and see kind of thing. that would probably speak to a good quarter for us next time around. >> you know, i wonder. i don't know that anybody's happy with oh, well this is going to be a january affair. and we're not going to deal with this after christmas. did you see a change in money flows? you're there on the floor watching real money move throughout sectors. did you see any change today or on friday as people felt that maybe we are at the beginning of a deal? or still people are sort of sitting on their hands and not wanting to move money around? >> getti
first off, it's been a somber trading day today. 9:15 moment of silence remembering what happened in connecticut. so i don't know. it seems to be maybe there is a muted sense there's going to be a spirit of compromise up there in washington now. we've seen some rotational action. cyclicals are down, banks are up. they seem to anticipate that this is going to be resolved. and then the implications are if we don't have a santa claus rally as we talked about, then we'll see something in january....
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Dec 20, 2012
12/12
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you have a newtown, connecticut facility. >> we do. we have about 400 associate there is and it really has been traumatic. last night we had a memorial service, 3,500 local people game from newtown, from danbury. it is a tragedy. many of our associates live in newtown, we have a major facility there and it just shows the fragility of life and i can speak as a parent that if you lose a child, nothing else matters. >> now, if someone wants to help, was there an organization that you would recommend that people help? >> they have set up a special section in the united way in danbury. and if you connect the united way danbury, they have an area where you can send funds and they're doing a lot of good work. >> okay. now your company itself has been pretty socially responsible. an issue that i thought was important is fuel, the footprint that your company has and how important this is to you. zero fuel now you use? >> it really is. it's a remarkable situation that we have, you know, we are an integrated company. we have operations in vermont
you have a newtown, connecticut facility. >> we do. we have about 400 associate there is and it really has been traumatic. last night we had a memorial service, 3,500 local people game from newtown, from danbury. it is a tragedy. many of our associates live in newtown, we have a major facility there and it just shows the fragility of life and i can speak as a parent that if you lose a child, nothing else matters. >> now, if someone wants to help, was there an organization that you...
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Dec 17, 2012
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. >>> next, more details on the horrifying shooting in connecticut. back in a moment. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2550 with schwab etfs. tdd#: 1-800-345-2550 schwab etfs now have the lowest operating expenses tdd#: 1-800-345-2550 in t
. >>> next, more details on the horrifying shooting in connecticut. back in a moment. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories....
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Dec 17, 2012
12/12
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as you know by now, it was in newtown, connecticut. president obama spoke last night, raising the prospects for gun policy changes. >>> in the coming weeks, i'll use whatever power this office holds to engage my fellow citizens from law enforcement to mental health professionals to parents and educators in an effort aimed at preventing more tragedies like this. because what choice do we have? we can't accept events like this as routine. >> joining us now, former vermont governor and cnbc contributor howard dean and david coppell at the cato institute. good morning. am i pronouncing that okay? is it copel? >> just fine. >> we all want the same thing. that is to make sure our children are as safe as they can possibly be when they're in school. how do we do that? does it involve new regulations for guns? >> well, i think the most important thing we can do when we look at all these mass murders and attempted mass murders that are happened recently and over past decade sess one of the things that ties so many of them together is mental illn
as you know by now, it was in newtown, connecticut. president obama spoke last night, raising the prospects for gun policy changes. >>> in the coming weeks, i'll use whatever power this office holds to engage my fellow citizens from law enforcement to mental health professionals to parents and educators in an effort aimed at preventing more tragedies like this. because what choice do we have? we can't accept events like this as routine. >> joining us now, former vermont governor...
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Dec 4, 2012
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he's been arrested for wire fraud and charged with wire fraud by the connecticut u.s. attorney. in a statement, the u.s. attorney from connecticut stating this defendant orchestrated the unauthorized purchase of approximately $1 billion of apple stock in a fraudulent get-rich-quick scheme that back fired, causing massive losses for his employer. once again, rockdale securities trader david miller arrested and charges with wire fraud. back to you. >> all right, mary. thanks very much. we have 30 minutes until the closing bell sounds for the day. up about 19 points on the dow jones industrial average. nasdaq in the negative right now. >>> famed fund mortgage jeremy grantham, remember him? he warned of the tech and housing bubbles before they burst. now he's making a new dire prediction. if he's right t would make the tech and housing bubble look like a walk in the park. details coming up. >>> then, businesswoman and donald trump's daughter ivanka trump is with us. she's finding it hard to operate in the economic uncertainty. we'll ask her about that. she'll join us later outside t
he's been arrested for wire fraud and charged with wire fraud by the connecticut u.s. attorney. in a statement, the u.s. attorney from connecticut stating this defendant orchestrated the unauthorized purchase of approximately $1 billion of apple stock in a fraudulent get-rich-quick scheme that back fired, causing massive losses for his employer. once again, rockdale securities trader david miller arrested and charges with wire fraud. back to you. >> all right, mary. thanks very much. we...
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Dec 21, 2012
12/12
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connecticut governor dannell ma malloy to ring their bells. the nasdaq with a moment of silence prior to the actual trading day. >>> the bell has rung. over at the nasdaq, intest corporation, temperature management's products for semiconductors. no surprise here at the open, the nasdaq is now down almost 2%. 1.8%, the loss at this early hour. shares of apple are down 2%. across the board pretty much. these are sharp losses, jim. >> i would point out, if you want a stable situation, sussex petroleum is a limited partnership that gives you great yield. i'm looking for people to be able to pullback and say, listen, what is safety here? is safety pepsico, general mills, safety yield? or because we go over the fiscal cliff, yield doesn't have the same value. i'm trying to figure out right now in realtime what this market is telling us. what it's telling us is we're not done going down. if boehner throws more lighter fluid on the situation, if not actual high octane, then i think we go take another dip down. >> yeah. we're seeing very steep losses,
connecticut governor dannell ma malloy to ring their bells. the nasdaq with a moment of silence prior to the actual trading day. >>> the bell has rung. over at the nasdaq, intest corporation, temperature management's products for semiconductors. no surprise here at the open, the nasdaq is now down almost 2%. 1.8%, the loss at this early hour. shares of apple are down 2%. across the board pretty much. these are sharp losses, jim. >> i would point out, if you want a stable...
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Dec 27, 2012
12/12
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. >> he's sunning himself shirtless in stamford, connecticut. >> plus, jane wells is tracking the holiday retailers who were winners and losers. >> mandy, we have new data suggesting there was a last-minute surge in spending. really? we're going to look at those numbers after the break. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. >>> coming up on closing bell, red arrows on wall street so far. there's no resolution to the fiscal cliff out of washington yet. should we rule out any hope of a
. >> he's sunning himself shirtless in stamford, connecticut. >> plus, jane wells is tracking the holiday retailers who were winners and losers. >> mandy, we have new data suggesting there was a last-minute surge in spending. really? we're going to look at those numbers after the break. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real...
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Dec 29, 2012
12/12
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>> i see it going off to 200, and i think democrats especially from new jersey, new york, connecticut, that would be fine with them and it's just a matter of damage control. >> and will republicans have to pay in any way for something that has no spending cuts in it. >> ideally, a lot of these guys would like to wait until january so they can say we voted for a tax cut and the new status quo is where all of the taxes have gone up. i'm sure there will be primary challenges. >> what do you think? >> first of all, let me be clear. i think 50/50 at best for exactly the reason you cited. i can't imagine that reid and mcconnell are having a happy discussion right now, so there will be serious differences there. for example, if mcconnell insists on keeping the estate tax parameters where they are instead of going where the president is, that completely seals the deal and that's one piece. >> michelle, you've made that point throughout the show, and i partially agree with you, but i will tell you this. right now everybody in this town is focused on taxes and preventing 98% of households from
>> i see it going off to 200, and i think democrats especially from new jersey, new york, connecticut, that would be fine with them and it's just a matter of damage control. >> and will republicans have to pay in any way for something that has no spending cuts in it. >> ideally, a lot of these guys would like to wait until january so they can say we voted for a tax cut and the new status quo is where all of the taxes have gone up. i'm sure there will be primary challenges....
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Dec 22, 2012
12/12
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one week after the devastating school shooting in newtown, connecticut, left 26 people dead, the national rifle association is breaking its silence. the gun rights group is calling on congress to put armed guards at every school. it's a very interesting development. actually, we could bring in -- let's go right to nbc's danielle lee. she's going to join us with the nra details. good evening, danielle. >> reporter: larry, good evening. after a week long talk about gun control and protecting our children, the situation isn't fewer guns, but more of them on camp campus. the nra's leader blamed the media for a culture of violence. and also accused the country of failing to protect our children by not putting police on every campus with guns. >> the only thing that stops a bad guy with a gun is a good guy with a gun. >> even supporters of the nra called the organization out of touch with america. lawmakers and top educators fired back. they say any solution also needs to include gun control and mental health care. >> i don't believe that the only way to stop violence by guns is to give the oth
one week after the devastating school shooting in newtown, connecticut, left 26 people dead, the national rifle association is breaking its silence. the gun rights group is calling on congress to put armed guards at every school. it's a very interesting development. actually, we could bring in -- let's go right to nbc's danielle lee. she's going to join us with the nra details. good evening, danielle. >> reporter: larry, good evening. after a week long talk about gun control and...
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Dec 19, 2012
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. >> during this christmas season, my heart goes out to the families in newtown, connecticut. >> yep. >> we're all hugging our children a little more tightly this season. >> and everything's on the table. >> as an outdoorsman, i think we need to completely rethink guns in america. >> i think we need to protect our kids at the school, though. everything's on the table. >> our thoughts and prayers are with the families in newtown. >> thank you both very much. right now it's time for "squawk on the street." good morning. welcome to "squawk on the street." which debuted on cnbc's seven years ago today. happy anniversary to us. i'm melissa lee with carl and jim cramer and david faber live from the new york stock exchange. let's look at how we're setting up after yesterday's rally. particular strength in yesterday's rally. we didn't get housing starts, that's earlier today. as for the picture in europe, really the stand outout here is the euro. greece getting a five notch upgrade at the s&p. our road map this morning starts with gm. government motors no more. the treasury to exit its stake
. >> during this christmas season, my heart goes out to the families in newtown, connecticut. >> yep. >> we're all hugging our children a little more tightly this season. >> and everything's on the table. >> as an outdoorsman, i think we need to completely rethink guns in america. >> i think we need to protect our kids at the school, though. everything's on the table. >> our thoughts and prayers are with the families in newtown. >> thank you both...
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Dec 18, 2012
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we'll talk with richard blumenthal fortunately connectic from connecticut right after this. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> private equity firm cerberus is going to sell its stake in the firearms maker. good morning, mary. >> good morning. they are reconsidering its relationship with cerberus. the reason being, the country largest gun manufacturer and the maker of the assault rifle used in friday's newtown massacre, the ar-15 bushmaster. cerberus said they are shocked and deeply saddened by the shootings in newtown adding that it's not the private equity firm's job to take positions on the now revived talks on gun control. instead, they are deciding on another course of action. to sell freedom group and return money to investors, fulfilling its obligations to clients without being withdrawn to the national debate with the former charter and public responsibility to do so. known for past investments and troubled companies like chrysler, they have strong ties to washington, d.c. john snow is its chairman and dan qua
we'll talk with richard blumenthal fortunately connectic from connecticut right after this. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> private equity firm cerberus is going to sell its stake in the firearms maker. good morning, mary. >> good morning. they are reconsidering its relationship with cerberus. the reason being, the country largest gun manufacturer and the maker of the assault rifle used in friday's newtown massacre,...
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Dec 18, 2012
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in the wake of the tragedy in connecticut. gun control and mental health care taking center stage, now congresswoman rosa delauro has been fighting for better mental health care. she'll join us at the bottom of the hour. >>> still to come, retailers that have been naughty, and nice. we break down the holiday season for specialty retailers, and tell you what it means for your portfolio. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> if you have any comments or questions about anything we've been talking about on "squawk," e-mail us at "squawk" @cnbc.com. you can follow us on twitter as well, @squawkcnbc is our handle. up next the shooter in the newtown tragedy reportedly suffered from a mental disorder. we'll speak to one of the lawmakers holding the purse strings for federal mental health care funding. [ male announcer ]
in the wake of the tragedy in connecticut. gun control and mental health care taking center stage, now congresswoman rosa delauro has been fighting for better mental health care. she'll join us at the bottom of the hour. >>> still to come, retailers that have been naughty, and nice. we break down the holiday season for specialty retailers, and tell you what it means for your portfolio. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you...
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Dec 14, 2012
12/12
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want to express our thoughts and prayers that everyone affected by this terrible tragedy in newtown, connecticut. our words can do little to ease your pain. but you know this. we are with you in this incredible difficult time. and recognize that you are who we are thinking about, even as we try to focus on our work today. so as for the markets, it was another weak day. dow dipped 36 points. s&p gave up .41%. nasdaq declined .70. a lot of that again because of apple. you know the drill as we head into the weekend. i'm not expecting to hear any progress on the fiscal cliff. but you know, i always watch the sunday morning talk shows now very closely and i'm looking for some politicians saying something encouraging. what does encouraging mean? it means a republican uttering the two words tax increase without the word no before it. and the democrats uttering two words, spending cuts, without the word no before them. neither seems to be able to pull off that syntax, though. at this point i think we've got to assume that the washington people, they can't get it together. we've got to gird ourselves for
want to express our thoughts and prayers that everyone affected by this terrible tragedy in newtown, connecticut. our words can do little to ease your pain. but you know this. we are with you in this incredible difficult time. and recognize that you are who we are thinking about, even as we try to focus on our work today. so as for the markets, it was another weak day. dow dipped 36 points. s&p gave up .41%. nasdaq declined .70. a lot of that again because of apple. you know the drill as we...
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Dec 21, 2012
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first of all, there's an assault weapons ban in connecticut to start with. secondly, a killer like this, a man who's as demented as this man was andbrilliant as he was, he's going to find away to do it with weapons. kn not with weapons, he'll do it with bombs and other weapons. i see why you can't have a reasonable restriction on assault weapons. i'm perfectly okay with that. i'm not okayky trying to prevent a simplistic answer. this is about mental health. our ability to track people, incarcerate people who harry mentally ill. about our ability to understand why they're acting the way they're acting, stricter law enforcement in those areas. you another, new york city has very low crime. we have very strict gun control in new york city. chicago has very high murder rate. they have the same strict gun control in chicago. i never thought it was about gun control. in and of itself, gun control meaning assault weapons control is worth taking a good look at, but the way the president is presenting this, he's going to run into problems with his own democrats who a
first of all, there's an assault weapons ban in connecticut to start with. secondly, a killer like this, a man who's as demented as this man was andbrilliant as he was, he's going to find away to do it with weapons. kn not with weapons, he'll do it with bombs and other weapons. i see why you can't have a reasonable restriction on assault weapons. i'm perfectly okay with that. i'm not okayky trying to prevent a simplistic answer. this is about mental health. our ability to track people,...
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Dec 24, 2012
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fiscal cliff, hurricane sandy of course, that tragedy in newtown, connecticut, and, of course, all of this is weighing on this a little bit more than those slightly more intangible factors of home prices being on the upside. so i saw a lot of sales. i was out all day saturday and sunday in philadelphia, walnut street. i saw sales in ann taylor, express. most of the boutique stores that were out there, at least portions of the store were on sale. so to me that at least indicates the margins are going to be under a little bit of pressure certainly by the end of the year. >> we'll see what the new quarter brings. we'll see you in a few minutes. that was fantastic. >> got to keep up the traditions down there. >> absolutely. meanwhile, facebook shares on our radar. a tax story, bullish, endless note. >> hi, carl. according to the sunday times facebook reportedly funneled 440 million pounds or approximately 712 million dollars into a tax haven last year to avoid taxes in britain. now a facebook spokesperson in response says that facebook complies with all relevant corporate regulations incl
fiscal cliff, hurricane sandy of course, that tragedy in newtown, connecticut, and, of course, all of this is weighing on this a little bit more than those slightly more intangible factors of home prices being on the upside. so i saw a lot of sales. i was out all day saturday and sunday in philadelphia, walnut street. i saw sales in ann taylor, express. most of the boutique stores that were out there, at least portions of the store were on sale. so to me that at least indicates the margins are...
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Dec 5, 2012
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let's go to chris in connecticut, please, chris? >> caller: boo-yah. i want to know where you stand on -- >> i don't know, where i stand, it's already too high. this thing does not come in. i would prefer you to be in eqt, which i think i reiterated this morning and i think is much better. there are lots of people who say there will be blockbuster natural gas deals coming down the road and that's why cabot stays high, plus incredible marcellus holdings. when i first heard about it, it was through cog and i thought it was like veal, but it turned out to be a good place for natural gas. that is the conclusion of the "lightning round"! >> the "lightning round" is sponsored by td ameritrade. >>> coming up -- waiting for washington to rise above? get your portfolio prepared for whatever happens. call, tweet, or e-mail and find your way to the latest edition of "am i diversified." isk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a co
let's go to chris in connecticut, please, chris? >> caller: boo-yah. i want to know where you stand on -- >> i don't know, where i stand, it's already too high. this thing does not come in. i would prefer you to be in eqt, which i think i reiterated this morning and i think is much better. there are lots of people who say there will be blockbuster natural gas deals coming down the road and that's why cabot stays high, plus incredible marcellus holdings. when i first heard about it,...
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Dec 27, 2012
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all of a sudden then, we had the impacts of sandy, a tragedy up in newtown, connecticut, and just a lot of other factors that just put a damper on the season. >> so, it is fair to say that it started better than it ended now. >> it started better than it ended. there was a lot of excitement around black friday. i mean it was almost like the super bowl. they have all this advertising, drag people out, it's the biggest event of the year come shopping, and then week after that we had the pro bowl. there was no excitement. there was no reason to come out shopping. so big bang, but it kind of waned as we went into the season. >> how much of the season is in the books now? i mean, what's still left to happen? >> there's a couple of big days still coming. i think this weekend is a big weekend as people redeem gift cards, go into the stores, exchange items for what they're looking for. hopefully get that add-on sale and people start to take advantage of the clearance sale, i would say, though, 95% of it is in the books. we've probably got some strong days ahead of us, though, that could move it
all of a sudden then, we had the impacts of sandy, a tragedy up in newtown, connecticut, and just a lot of other factors that just put a damper on the season. >> so, it is fair to say that it started better than it ended now. >> it started better than it ended. there was a lot of excitement around black friday. i mean it was almost like the super bowl. they have all this advertising, drag people out, it's the biggest event of the year come shopping, and then week after that we had...
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Dec 26, 2012
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talk about the prospects for a deal to avoid the fiscal cliff, congressman jim himes, democrat from connecticut. congressman, there are some in both parties, i don't know, maybe they wouldn't admit it, they don't think it's the worst thing in the world to go over temporarily. where are you? >> you know, i think there's some chance we get a deal in the early weeks of january which means technically you are going over the cliff. if you vote on the deal that john boehner couldn't get done in his conference thursday, if you vote on that in january, a deficit deal than december. it's actually a tax decrease. i don't think nothing is going to happen in the coming weeks. it is possible we get into the first week of january before something to vote on. congress has gotten used to doing things at the last minute and it's not exactly clear when the last minute is here. >> i've been saying for a while you don't have to deal with 400 or 500 grand, get 250, what the president has wanted all along and get the republicans to not vote for a tax cut for everybody under 250. why hasn't that been the strategy or
talk about the prospects for a deal to avoid the fiscal cliff, congressman jim himes, democrat from connecticut. congressman, there are some in both parties, i don't know, maybe they wouldn't admit it, they don't think it's the worst thing in the world to go over temporarily. where are you? >> you know, i think there's some chance we get a deal in the early weeks of january which means technically you are going over the cliff. if you vote on the deal that john boehner couldn't get done in...
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Dec 24, 2012
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some blame it on a generally gloomy mood among americans especially after the horrible shooting in connecticut. marshall cohen at the mpd group says retailers had problems long before the tragedy. he says, quote, the lack of sales is due to the lack of excitement in merchandise and to blame it on this terrible disaster upsets me. and then of course there's everybody's concern about debt. they're avoiding it. >> christine, delinquency rates that are still very, very low compared to the last ten years. so i don't think that consumers are going wild this year. >> we heard that a lot. finally, it's even been a little slow they say at saks 5th avenue, on 5th avenue in new york city. our producer took these pictures. sw retail advisers says you could, quote, in saks hear a pin drop during a 60% sale going into saturday. but, bill and maria, i was in the very store in new york last week, my first time at saks during this time of the year. if that is slow for christmas, i don't want to know what busy is. i couldn't even get down the aisle. >> by the way, jane wells, you mentioned c's candy. unbelievab
some blame it on a generally gloomy mood among americans especially after the horrible shooting in connecticut. marshall cohen at the mpd group says retailers had problems long before the tragedy. he says, quote, the lack of sales is due to the lack of excitement in merchandise and to blame it on this terrible disaster upsets me. and then of course there's everybody's concern about debt. they're avoiding it. >> christine, delinquency rates that are still very, very low compared to the...
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Dec 28, 2012
12/12
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and the school massacre in connecticut is now elevated gun control. democrats had been steering away from the issue out of political fear. connecticut changed the equation and the president will offer proposals in his state of the union. he'll face strong opposition from republicans and the gun lobby. that means bet on some action but not the sort of restrictions democratic liberals prefer. >> our thanks to john harwood. let's try to go back to mary thompson and see what is moving at the new york stock exchange. >> well, things are moving and my mike is finally working. as i mentioned earlier or was trying to mention, the dow had briefly dipped below 13,000. it is off the lows of the day. but again, wall street continues to keep watch on wall street or washington. most specifically the 3:00 meeting between the president and the leaders of congress. volumes today as you might expect, this is the second to last trading day of the new year, volumes are low. in fact, they're tracking below yesterday's levels, which were also very weak. as it stands right
and the school massacre in connecticut is now elevated gun control. democrats had been steering away from the issue out of political fear. connecticut changed the equation and the president will offer proposals in his state of the union. he'll face strong opposition from republicans and the gun lobby. that means bet on some action but not the sort of restrictions democratic liberals prefer. >> our thanks to john harwood. let's try to go back to mary thompson and see what is moving at the...
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Dec 24, 2012
12/12
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you think you had the long calendar, the hurricane sandy, the track dpi in connecticut, people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional. but it's a push till the end. >> okay, so winners and losers? >> i think some of the winners, i think you're going to see companies like tjx, macy's. i think american eagle outfitters, even gap had a very good season, along with michael kors. >> losers? >> i think you had a tough time at jcpenney. i think the traffic was tough there all the time. i think kohl's had to be extra promotional in order to be able to drive the sales. and the whole children's sector was very promotional. from gymboree to children's place. >> so, dana, jason trennert from strat eegous. how are you doing? >> good, how are you, jason? >> good. normally retail stocks outperform in january, because i think that phenomenon that andrew was talking about is that there's a general sense that christmas gifts canceled at a certain point and then it comes back at the end and then you wind u
you think you had the long calendar, the hurricane sandy, the track dpi in connecticut, people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional. but it's a push till the end. >> okay, so winners and losers? >> i think some of the winners, i think you're going to see companies like tjx, macy's. i think american eagle outfitters, even gap had a very good season, along with michael kors. >>...
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Dec 27, 2012
12/12
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swhc is the ticker on this of course, troubles surrounding the newtown, connecticut, shooting a lot of sellers on that stock during that period of time, today, issuing another $15 billion, expand its buy back program which it just announced with its fiscal second quarter results, announced 20 million share -- $20 million worth of buy backs and expand that to 15. nice gain on the shares. >> >> a big winner for the year. look at that chart. >> all handgunmakers, talking about this before, how ironic you can the obama administration was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut costs, sears and the kmart stores. it seems that this year the reckoning, the kmart operation, people have lost track of that if you send people inside kmart today, i think you basically find a rela
swhc is the ticker on this of course, troubles surrounding the newtown, connecticut, shooting a lot of sellers on that stock during that period of time, today, issuing another $15 billion, expand its buy back program which it just announced with its fiscal second quarter results, announced 20 million share -- $20 million worth of buy backs and expand that to 15. nice gain on the shares. >> >> a big winner for the year. look at that chart. >> all handgunmakers, talking about...